Danone, Game Group, Mulberry, Solarworld, WS Atkins: Europe Equity Preview
(Corrects company name in headline.)
The following companies’ shares may have unusual moves in European trading. Stock symbols are in parentheses and prices are from the last close.
The Stoxx Europe 600 Index gained less than 0.1 percent to 254.47. The Stoxx 50 Index rose 0.1 percent to 2,461.15. The Euro Stoxx 50 Index, a benchmark for nations using the euro, advanced 0.1 percent to 2,718.73.
Aeroports de Paris SA (ADP FP): The operator of the French capital’s Charles de Gaulle and Roissy airports said traffic rose 3.3 percent in May to 7.5 million passengers. The shares fell 2.2 percent to 54.44 euros.
BP Plc (BP/ LN): The oil company canceled three quarterly payments of its $10 billion-a-year dividend after President Barack Obama demanded it put up cash for victims of the Gulf of Mexico spill. The stock fell 1.5 percent to 337 pence.
Cegid Group SA (CGD FP): The developer of enterprise business systems said it acquired human resources services group Vedior Front RH for an undisclosed price. The shares rose less than 0.1 percent to 21.52 euros.
Danone SA (BN FP): Sales of the group’s Volvic water have risen 9 percent in volume terms since the start of the year, while Evian sales are 4 percent higher, Frederic Guichard, head of Danone France’s still-water division, told Reuters in an interview. The shares gained 0.3 percent to 44.23 euros.
Game Group Plc (GMG LN): The U.K.’s biggest electronic games retailer is scheduled to release an interim management statement. The stock rose 0.3 percent to 88.25 pence.
GDF Suez (GSZ FP): The operator of Europe’s largest natural-gas grid signed a five-year, 4 billion-euro syndicated loan to refinance credit lines due to mature in 2012. The shares added 1.9 percent to 25.95 euros.
Mulberry Group Plc (MUL LN): The maker of Bayswater luxury handbags is due to report earnings. The shares declined 0.3 percent to 200.5 pence.
PPR SA (PP FP): The owner of Conforama furniture stores said it will take a minority stake in internet retailer myfab. It didn’t give financial terms. The shares fell 0.2 percent to 102.20 euros.
Solarworld AG (SWV GY), Q-Cells SE (QCE GY): Germany has postponed talks on cutting solar-power subsidies and the committee overseeing the matter has created a working group to help reach a compromise before the next meeting on July 5. The announcement was made in an e-mail sent by Germany’s up house, or Bundesrat, yesterday. Solarworld rose 1.5 percent to 10.10 euro. Q-Cells gained 1.7 percent to 6 euro.
WS Atkins Plc (ATK LN): The U.K.’s biggest engineering- design company is due to report earnings. The stock fell 2.4 percent to 726 pence.